Thomas Emery (Avtor), Mitja Kovač (Avtor), Rok Spruk (Avtor)

Povzetek

In this paper, we revisit and examine the effect of political instability on institutional quality. To this end, we exploit the crackdown of government cabinet in 2008 that led to almost two decades of pervasive political instability using the unique case of Slovenia and estimate the average treatment effect of political instability and the missing counterfactual scenario for the period 1996–2020. Based on large-scale Bayesian analysis with Metropolis–Hastings algorithm, we extract the residual component of institutional quality from the variation in predetermined unobserved characteristics. Across more than 1.5 million sequenced random samples, we construct novel time-varying estimates of institutional quality at the local and regional level. Our difference-in-differences and synthetic control estimates emphasize a rampant deterioration of institutional quality in response to political instability with evidence of weakened rule of law, less effective public sector, decreased political accountability, and more widespread prevalence of power abuses. The estimated negative effects of political instability are robust to a variety of placebo checks across more than 12 billion placebo averages for institutional quality outcome variable using random sampling method of treatment permutation.

Ključne besede

družbenopolitična ureditev;institucije;krize;socio-political system;institutions;crises;

Podatki

Jezik: Angleški jezik
Leto izida:
Tipologija: 1.01 - Izvirni znanstveni članek
Organizacija: UL EF - Ekonomska fakulteta
UDK: 304
COBISS: 163425795 Povezava se bo odprla v novem oknu
ISSN: 0021-4027
Št. ogledov: 794
Št. prenosov: 233
Ocena: 0 (0 glasov)
Metapodatki: JSON JSON-RDF JSON-LD TURTLE N-TRIPLES XML RDFA MICRODATA DC-XML DC-RDF RDF

Ostali podatki

Sekundarni jezik: Slovenski jezik
Sekundarne ključne besede: družbenopolitična ureditev;institucije;krize;
Vrsta dela (COBISS): Članek v reviji
Strani: str. 599-642
Letnik: ǂVol. ǂ243
Zvezek: ǂiss. ǂ6
Čas izdaje: 2023
DOI: 10.1515/jbnst-2022-0074
ID: 22824663